Which US states are most interested in crypto? Investment Monitor

New data highlights that Nevada is the US state showing the most interest in cryptocurrency trading, followed by California and New York, respectively, according to research conducted by cryptobetting.org, a crypto education and advisory platform. Meanwhile, Mississippi, West Virginia and Louisiana are the states showing the least interest. 

The study measured and compared the online search interest for crypto-related terms in each US state, uncovering the top states for cryptocurrency enthusiasm in 2023.

“Cryptocurrencies kicked off 2023 with their highest levels in months,” said a spokesperson for cryptobetting.org. “Cryptocurrency offers freedoms from traditional financial infrastructure and with its constant development; it’s fascinating to keep up to date with the places taking the largest interest in this area.”

1. Nevada

Nevada comes in as the state with the highest interest in cryptocurrency. It scores highly when searching for cryptocurrency terms, websites, apps, prices, news and advice in 2023.

The Silver State has carried out crypto-related searches at a rate of almost 2,000 per 100,000 residents, the highest rate in the US. In 2022, the state was announced as the “most crypto-friendly state”, according to a 2022 SmartAsset study.

2. California

California is the state that carried out the second-highest number of crypto searches in the US per 100,000 people. Per capita, this makes for just under 1,900 searches, putting it second on the list.

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3. New York

With population proportional searches the same as in California – just below 1,900 per 100,000 – the total crypto-related search volume of more than 360,000 ranks New York in third place.

Considered the financial capital of the US and home to Wall Street, it is perhaps little surprise that cryptocurrency trading proves so popular in the state. 

4. New Jersey

Just across the Hudson River from third-placed New York is fourth-placed New Jersey. Just over 1,800 crypto searches per 100,000 residents puts New Jersey only marginally behind its neighbouring state for cryptocurrency interest. 

5. Washington

Washington State ranks number five for crypto enthusiasm with a search volume just below 1,800 per 100,000 residents.

Seattle, one of the state’s major cities, is also listed by cryptocurrencyjobs.co as a location with several jobs for start-ups that use blockchain technology.

6. Florida

Floridians searched crypto terms at a rate of just over 1,750 per 100,000 members of the population. A total search volume just below 370,000 actually put the Sunshine State in third place in terms of sheer searches while the proportional crypto interest makes it sixth on this list.

7. Massachusetts

Massachusetts comes in as the seventh most crypto-keen state for 2023 with a crypto-related search volume per 100,000 residents of 1,736 and a total search volume of nearly 120,000.

8. Colorado

Colorado ranks as the eighth state in terms of cryptocurrency enthusiasts this year. Its per capita searches lie at just over 1,700 per 100,000 people.

9. Virginia

Virginia’s search volume per capita is 1,675 per 100,000 residents. With a high total search volume of more than 142,000, the state is ninth on the list.

10. Oregon

Oregon rounds off the list of crypto-enthusiastic states with its crypto searches per 100,000 residents sitting at 1,654. Its total number of crypto searches in 2023 is just below 70,000. 

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